Definitions and Accounting Matters. Section 1.01. Certain Defined Terms 1 Section 1.02. Accounting Terms and Determinations 25 Section 1.03. Computation of Time Periods 25 Section 1.04. Terms Generally 25 ARTICLE 2 AMOUNTS AND TERMS OF THE LOANS Section 2.01. Commitments 25 Section 2.02. Loans and Borrowings 25 Section 2.03. Requests for Revolving Borrowings 26 Section 2.04. [Reserved] 27 Section 2.05. Letters of Credit 27 Section 2.06. Funding of Borrowings 31 Section 2.07. Changes of Commitments 32 Section 2.08. Fees 36 Section 2.09. Repayment of Loans 37 Section 2.10. Interest on Loans 37 Section 2.11. Interest Rate Determination 37 Section 2.12. Optional Conversion of Loans 38 Section 2.13. Optional Prepayments of Loans 39 Section 2.14. Payments and Computations 39 Section 2.15. Sharing of Payments Etc. 40 Section 2.16. Additional Costs 41 Section 2.17. Illegality 43 Section 2.18. Taxes 44 Section 2.19. Defaulting Lenders 46 Section 2.20. Substitution of Lender 48 Section 2.21. Extension Option 48 ARTICLE 3 CONDITIONS Section 3.01. Conditions Precedent to Closing Date 50 Section 3.02. [Reserved] 52 Section 3.03. Conditions Precedent to Credit Extensions 52
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Definitions and Accounting Matters. Section 1.01. Certain Defined Terms 1 Section 1.02. Accounting Terms and Determinations 25 21 Section 1.03. Computation of Time Periods 25 Section 1.04. Terms Generally 25 ARTICLE 2 AMOUNTS AND TERMS 21 ADVANCES; LETTERS OF THE LOANS CREDIT Section 2.01. Commitments 25 Revolving Credit Advances 21 Section 2.02. Loans and Borrowings 25 Section 2.03. Requests for Revolving Borrowings 26 Section 2.04. [Reserved] 27 Section 2.05. Letters of Credit 23 Section 2.03. Competitive Bid Advances 27 Section 2.06. Funding of Borrowings 31 Section 2.072.04. Changes of Commitments 32 Section 2.05. Fees 34 Section 2.06. Repayment of Revolving Credit Advances and Alternate Currency Revaluation. 34 Section 2.07. Interest 35 Section 2.08. Fees Interest Rate Determination 36 Section 2.09. Repayment Optional Conversion of Loans Revolving Credit Advances 37 Section 2.10. Interest on Loans 37 Section 2.11. Interest Rate Determination 37 Section 2.12. Optional Conversion of Loans 38 Section 2.13. Optional Prepayments of Loans 39 Revolving Credit Advances 38 Section 2.142.11. Payments and Computations 39 38 Section 2.152.12. Sharing of Payments Set-off, Etc. 40 Section 2.162.13. Additional Costs Requirements of Law 41 Section 2.172.14. Illegality 43 Section 2.15. Taxes 43 Section 2.16. Borrowings by Designated Borrowers 46 Section 2.17. Mitigation of Obligations; Replacement of Lenders 47 Section 2.18. Taxes 44 Section 2.19. Defaulting Lenders 46 Section 2.20. Substitution Extension of Lender 48 Section 2.21. Extension Option 48 ARTICLE 3 Commitment Termination Date 47 CONDITIONS PRECEDENT Section 3.01. Conditions Precedent to Closing Date 50 Section 3.02. [Reserved] 52 Section 3.03. Conditions Precedent to Credit Extensions 5249
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Samples: Credit Agreement (Merck & Co. Inc.)
Definitions and Accounting Matters. Section 1.01. 1.01 Terms Defined Above 1 Section 1.02 Certain Defined Terms 1 Section 1.02. 1.03 Types of Loans and Borrowings 51 Section 1.04 Terms Generally; Rules of Construction 51 Section 1.05 Accounting Terms and Determinations 25 Determinations; GAAP 51 Section 1.03. Computation of Time Periods 25 1.06 Interest Rates; Benchmark Notifications 52 Section 1.04. Terms Generally 25 ARTICLE 2 AMOUNTS AND TERMS OF THE LOANS 1.07 Divisions 52 Section 2.01. 2.01 Commitments 25 52 Section 2.02. 2.02 Loans and Borrowings 25 53 Section 2.03. 2.03 Requests for Borrowings 54 Section 2.04 Interest Elections 56 Section 2.05 Funding of Borrowings 57 Section 2.06 Termination and Reduction of Commitments and Aggregate Maximum Credit Amounts; Increase, Reduction and Termination of Aggregate Elected Revolving Borrowings 26 Commitment Amounts 57 Section 2.04. [Reserved] 27 2.07 Borrowing Base 62 Section 2.05. 2.08 Letters of Credit 27 65 Section 2.06. Funding 2.09 Term Loan Facility 73 Section 2.10 Extension of Borrowings 31 Term Loans 77 Section 2.07. Changes of Commitments 32 Section 2.08. Fees 36 Section 2.09. 3.01 Repayment of Loans 37 79 Section 2.10. 3.02 Interest on Loans 37 79 Section 2.11. 3.03 Alternate Rate of Interest Rate Determination 37 81 Section 2.12. Optional Conversion of Loans 38 3.04 Prepayments 83 Section 2.13. Optional Prepayments of Loans 39 Section 2.14. Payments and Computations 39 Section 2.15. Sharing of Payments Etc. 40 Section 2.16. Additional Costs 41 Section 2.17. Illegality 43 Section 2.18. Taxes 44 Section 2.19. Defaulting Lenders 46 Section 2.20. Substitution of Lender 48 Section 2.21. Extension Option 48 ARTICLE 3 CONDITIONS Section 3.01. Conditions Precedent to Closing Date 50 Section 3.02. [Reserved] 52 Section 3.03. Conditions Precedent to Credit Extensions 523.05 Fees 88
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Definitions and Accounting Matters. Section 1.01. 1.01 Certain Defined Terms 1 Section 1.02. 1.02 Other Interpretive Provisions 31 Section 1.03 Accounting Terms 31 Section 1.04 Rounding 32 Section 1.05 Times of Day 32 Section 1.06 Letter of Credit Amounts 32 Section 1.07 Currency Equivalents Generally 32 Section 2.01 The Loans 32 Section 2.02 Borrowings, Conversions and Determinations 25 Continuations of Loans 33 Section 1.03. Computation of Time Periods 25 Section 1.04. Terms Generally 25 ARTICLE 2 AMOUNTS AND TERMS OF THE LOANS Section 2.01. Commitments 25 Section 2.02. Loans and Borrowings 25 Section 2.03. Requests for Revolving Borrowings 26 Section 2.04. [Reserved] 27 Section 2.05. 2.03 Letters of Credit 27 34 Section 2.06. Funding of Borrowings 31 2.04 Swing Line Loans 41 Section 2.07. Changes 2.05 Prepayments 44 Section 2.06 Termination or Reduction of Commitments 32 46 Section 2.08. Fees 36 Section 2.09. 2.07 Repayment of Loans 37 46 Section 2.10. 2.08 Interest on Loans 37 47 Section 2.11. 2.09 Fees 47 Section 2.10 Computation of Interest Rate Determination 37 and Fees 48 Section 2.12. Optional Conversion 2.11 Evidence of Loans 38 Debt 48 Section 2.13. Optional Prepayments of Loans 39 2.12 Payments Generally; Administrative Agent's Clawback 48 Section 2.14. Payments and Computations 39 Section 2.15. 2.13 Sharing of Payments Etc. 40 Section 2.16. Additional Costs 41 Section 2.17. Illegality 43 Section 2.18. Taxes 44 Section 2.19. Defaulting by Lenders 46 Section 2.20. Substitution of Lender 48 Section 2.21. Extension Option 48 ARTICLE 3 CONDITIONS Section 3.01. Conditions Precedent to Closing Date 50 Section 3.02. [Reserved] 52 2.14 Incremental Facility 51 Section 3.03. Conditions Precedent 3.01 Taxes 51 Section 3.02 Illegality 53 Section 3.03 Inability to Credit Extensions 52Determine Rates 53 Section 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 54 Section 3.05 Compensation for Losses 55 Section 3.06 Mitigation Obligations; Replacement of Lenders 55 Section 3.07 Survival 56
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Definitions and Accounting Matters. Section 1.01. Certain Defined Terms 1 Section 1.02. 1.02 Other Interpretive Provisions 32 Section 1.03 Accounting Terms 33 Section 1.04 Rounding 33 Section 1.05 Times of Day 33 Section 1.06 Letter of Credit Amounts 33 Section 1.07 Currency Equivalents Generally 34 Section 2.01 The Loans 34 Section 2.02 Borrowings, Conversions and Determinations 25 Continuations of Loans 35 Section 1.03. Computation of Time Periods 25 Section 1.04. Terms Generally 25 ARTICLE 2 AMOUNTS AND TERMS OF THE LOANS Section 2.01. Commitments 25 Section 2.02. Loans and Borrowings 25 Section 2.03. Requests for Revolving Borrowings 26 Section 2.04. [Reserved] 27 Section 2.05. 2.03 Letters of Credit 27 37 Section 2.06. Funding of Borrowings 31 2.04 Prepayments 45 Section 2.07. Changes 2.05 Termination or Reduction of Commitments 32 48 Section 2.08. Fees 36 Section 2.09. 2.06 Repayment of Loans 37 48 Section 2.10. 2.07 Interest on Loans 37 50 Section 2.11. 2.08 Fees 50 Section 2.09 Computation of Interest Rate Determination 37 and Fees 51 Section 2.12. Optional Conversion 2.10 Evidence of Loans 38 Debt 51 Section 2.13. Optional Prepayments of Loans 39 2.11 Payments Generally; Administrative Agent’s Clawback 52 Section 2.14. Payments and Computations 39 Section 2.15. 2.12 Sharing of Payments Etc. 40 by Lenders 54 Section 2.16. Additional Costs 41 2.13 Increase in Commitments 55 Section 2.17. 2.14 Incremental Term Facility 57 Section 3.01 Taxes 57 Section 3.02 Illegality 43 59 Section 2.18. Taxes 44 3.03 Inability to Determine Rates 60 Section 2.19. Defaulting 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 60 Section 3.05 Compensation for Losses 62 Section 3.06 Mitigation Obligations; Replacement of Lenders 46 Section 2.20. Substitution of Lender 48 Section 2.21. Extension Option 48 ARTICLE 3 CONDITIONS Section 3.01. Conditions Precedent to Closing Date 50 Section 3.02. [Reserved] 52 Section 3.03. Conditions Precedent to Credit Extensions 5263
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Definitions and Accounting Matters. Section 1.01. 1.01 Certain Defined Terms 1 Section 1.02. 1.02 Other Interpretive Provisions 39 Section 1.03 Accounting Terms 40 Section 1.04 Rounding 41 Section 1.05 Times of Day 41 Section 1.06 Letter of Credit Amounts 41 Section 1.07 Currency Equivalents Generally 41 Section 2.01 The Loans 41 Section 2.02 Borrowings, Conversions and Determinations 25 Continuations of Loans 42 Section 1.03. Computation of Time Periods 25 Section 1.04. Terms Generally 25 ARTICLE 2 AMOUNTS AND TERMS OF THE LOANS Section 2.01. Commitments 25 Section 2.02. Loans and Borrowings 25 Section 2.03. Requests for Revolving Borrowings 26 Section 2.04. [Reserved] 27 Section 2.05. 2.03 Letters of Credit 27 44 Section 2.06. Funding of Borrowings 31 2.04 Prepayments 53 Section 2.07. Changes 2.05 Termination or Reduction of Commitments 32 56 Section 2.08. Fees 36 Section 2.09. 2.06 Repayment of Loans 37 57 Section 2.10. 2.07 Interest on Loans 37 58 Section 2.11. 2.08 Fees 59 Section 2.09 Computation of Interest Rate Determination 37 and Fees 60 Section 2.12. Optional Conversion 2.10 Evidence of Loans 38 Debt 60 Section 2.13. Optional Prepayments of Loans 39 2.11 Payments Generally; Administrative Agent’s Clawback 61 Section 2.14. Payments and Computations 39 Section 2.15. 2.12 Sharing of Payments Etc. 40 by Lenders 63 Section 2.16. 2.13 Increase in Commitments 64 Section 2.14 Incremental Term Facility 66 Section 2.15 Additional Costs 41 Facilities 67 Section 2.17. 2.16 Extended Lenders and Facilities 69 Section 3.01 Taxes 71 Section 3.02 Illegality 43 73 Section 2.18. Taxes 44 3.03 Inability to Determine Rates 73 Section 2.19. Defaulting 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 73 Section 3.05 Compensation for Losses 75 Section 3.06 Mitigation Obligations; Replacement of Lenders 46 Section 2.20. Substitution of Lender 48 Section 2.21. Extension Option 48 ARTICLE 3 CONDITIONS Section 3.01. Conditions Precedent to Closing Date 50 Section 3.02. [Reserved] 52 Section 3.03. Conditions Precedent to Credit Extensions 5276
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Definitions and Accounting Matters. Section 1.01. 1.01 Certain Defined Terms 1 Section 1.02. 1.02 Other Interpretive Provisions 36 Section 1.03 Accounting Terms and Determinations 25 37 Section 1.03. Computation 1.04 Rounding 38 Section 1.05 Times of Time Periods 25 Day 38 Section 1.04. Terms Generally 25 ARTICLE 2 AMOUNTS AND TERMS OF THE LOANS Section 2.01. Commitments 25 Section 2.02. Loans and Borrowings 25 Section 2.03. Requests for Revolving Borrowings 26 Section 2.04. [Reserved] 27 Section 2.05. Letters 1.06 Letter of Credit 27 Amounts 38 Section 2.06. Funding of Borrowings 31 1.07 Currency Equivalents Generally 38 Section 2.07. Changes of Commitments 32 Section 2.08. Fees 36 Section 2.09. Repayment of Loans 37 Section 2.10. Interest on Loans 37 Section 2.11. Interest Rate Determination 37 Section 2.12. Optional Conversion of 2.01 The Loans 38 Section 2.13. Optional Prepayments 2.02 Borrowings, Conversions and Continuations of Loans 39 Section 2.14. 2.03 Letters of Credit 41 Section 2.04 Prepayments 50 Section 2.05 Termination or Reduction of Commitments 52 Section 2.06 Repayment of Loans 53 Section 2.07 Interest 55 Section 2.08 Fees 55 Section 2.09 Computation of Interest and Fees 56 Section 2.10 Evidence of Debt 56 Section 2.11 Payments and Computations 39 Generally; Administrative Agent’s Clawback 57 Section 2.15. 2.12 Sharing of Payments Etc. 40 by Lenders 59 Section 2.16. 2.13 Increase in Commitments 60 Section 2.14 Incremental Term Facility 62 Section 2.15 Additional Costs 41 Facilities 63 Section 2.17. 3.01 Taxes 65 Section 3.02 Illegality 43 67 Section 2.18. Taxes 44 3.03 Inability to Determine Rates 67 Section 2.19. Defaulting 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 68 Section 3.05 Compensation for Losses 69 Section 3.06 Mitigation Obligations; Replacement of Lenders 46 Section 2.20. Substitution of Lender 48 Section 2.21. Extension Option 48 ARTICLE 3 CONDITIONS Section 3.01. Conditions Precedent to Closing Date 50 Section 3.02. [Reserved] 52 Section 3.03. Conditions Precedent to Credit Extensions 5270
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